JPMorgan Chase & Co. Issues Positive Forecast for SharkNinja (NYSE:SN) Stock Price

SharkNinja (NYSE:SN) had its price target hoisted by JPMorgan Chase & Co. from $120.00 to $127.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on SN. Jefferies Financial Group upped their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Guggenheim increased their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.28.

SharkNinja Stock Performance

SharkNinja stock opened at $108.87 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $100.09 and a 200-day moving average of $95.05. The firm has a market cap of $15.24 billion, a P/E ratio of 42.70, a P/E/G ratio of 1.54 and a beta of 1.10. SharkNinja has a 1-year low of $45.85 and a 1-year high of $112.93.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s revenue was up 33.3% on a year-over-year basis. Sell-side analysts expect that SharkNinja will post 3.89 EPS for the current year.

Institutional Trading of SharkNinja

Several large investors have recently modified their holdings of the business. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management acquired a new stake in SharkNinja during the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the 3rd quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in SharkNinja during the 3rd quarter worth $163,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.